Appointment of New Director

TR Property Investment Trust PLC
10 January 2005



TR PROPERTY INVESTMENT TRUST PLC

10th Jan 2005


                       TR PROPERTY INVESTMENT TRUST PLC

                     Appointment of Non-Executive Director


TR Property Investment Trust plc is pleased to announce the appointment to the
Board of Peter Wolton with effect from 31st January 2005

Peter Wolton (48) commenced his career with Savills, qualifying as a Chartered
Surveyor and specialising in institutional investment in commercial property. He
joined Schroders in 1983 where he managed equity portfolios for pension fund and
charity clients. In 1994 he was seconded to Tokyo to be responsible for
Schroders' asset management activities in Japan and from 1996 was Schroders'
Country Head. He returned to the UK in 1998 and headed up Schroders' retail
businesses until 2001. From 2002 to 2003 he was at Baring Asset Management where
he held the position of Chief Executive of the Investment Management Group.


He is a former director of Schroder Japan Growth Fund plc and currently serves
on the Investment Advisory Committees of the Charities Aid Foundation (CAF) and
Queen Mary and Westfield College (University of London).


                                    - ENDS -


Enquiries to:



Peter Salsbury
Chairman
TR Property Investment Trust plc
Tel: [phone]




Chris Turner
Fund Manager
TR Property Investment Trust plc
Thames River Capital
Tel: [phone]




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